
Bharat Coking Coal
Mainboard₹13,800 / 600 Shares
IPO Live Subscription Details
| Category | Subscription (Times) |
|---|---|
| Date | 09 Jan 2026, 05:06 PM |
| QIBs | 0.30 times |
| NII | 16.40 times |
| Retail | 9.27 times |
| Employee | 0.83 times |
| Total | 8.09 times |
Bharat Coking Coal IPO Details
The Bharat Coking Coal IPO price band is set between ₹21-23 per equity share, with a face value of ₹10 per share. The issue is managed by Kfin Technologies Ltd., and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 9 Jan, 2026 and closes on 13 Jan, 2026. Investors can check the allotment status on 14 Jan, 2026, while the listing date is tentatively scheduled for 16 Jan, 2026.
The total issue size is 46,57,00,000 shares, aggregating up to ₹1071.11 crore. Stay tuned for the latest Bharat Coking Coal IPO review and GMP updates.
Bharat Coking Coal IPO Review, Rating & Analysis
Bharat Coking Coal IPO Review
May ApplyBharat Coking Coal IPO Rating
Bharat Coking Coal IPO Highlights
IPO Date
Jan 9, 2026 - Jan 13, 2026
Listing Date
16 Jan, 2026
Face Value
₹10 Per Equity Share
Price Band
₹21-23 per equity share
Lot Size
600 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Bharat Coking Coal IPO Lot Size
The minimum market lot for Bharat Coking Coal IPO is 600 shares with an application amount of ₹13,800. Retail investors can apply for up to 14 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹13,800 |
| Retail (Max) | 14 | 8400 | ₹1,93,200 |
| S-HNI (Min) | 15 | 9000 | ₹2,07,000 |
| S-HNI (Max) | 72 | 43200 | ₹9,93,600 |
| B-HNI (Min) | 73 | 43800 | ₹10,07,400 |
Bharat Coking Coal IPO Timeline
Issue Price
₹21-23 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies Ltd.Lead Manager
IDBI Capital Markets Services Ltd.ICICI Securities Ltd.Issue Size
46,57,00,000 shares(aggregating up to ₹1071.11 crore)Bharat Coking Coal IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30-Sep-25 | 18711.13 | 6311.51 | 123.88 | 5830.89 | 1006.52 | 1559.13 |
| 31-Mar-25 | 17283.48 | 14401.63 | 1240.19 | 6551.23 | 1805.73 | N/A |
| 31-Mar-24 | 14727.73 | 14652.53 | 1564.46 | 5355.47 | 664.72 | N/A |
| 31-Mar-23 | 13312.86 | 13018.57 | 664.78 | 3791.01 | -853.10 | N/A |
In Cr.
Bharat Coking Coal IPO Reservation Details
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| Anchor Investor Shares Offered | 118753500 | 25.5% |
| QIB Shares Offered | 79169000 | 17% |
| NII (HNI) Shares Offered | 59376750 | 12.75% |
| bNII > ₹10L | 39582000 | 8.4% |
| sNII < ₹10L | 19791000 | 4.2% |
| Retail Shares Offered | 138545750 | 29.75% |
| Shareholder Shares Offered | 46570000 | 10% |
| Employee Shares Offered | 23285000 | 5% |
| Total Shares Offered | 465700000 | 100% |
Bharat Coking Coal IPO Documents
Bharat Coking Coal IPO Valuations
EPS Pre IPO
₹2.66/-EPS Post IPO
₹0.53/-PE Pre IPO
8.64PE Post IPO
43.23ROE
-ROCE
30.13%Debt Equity
-RoNW
20.83%PAT Margin
8.61%Price to Book Value
1.63Bharat Coking Coal Peer Comparison
| Company Name | Revenue | RoNW | PE Ratio | PB Ratio |
|---|---|---|---|---|
| Bharat Coking Coal | 13802 | 20.83% | N/A | N/A |
| Alpha Metallurgical | 25320 | 11.48% | 14.87 | 1.63 |
| Warrior Met Coal, Inc | 13058 | 12.82% | 19.44 | 2.33 |
Promoters & Share Holding
Promoter(s) Name
- The President of India, acting through the Ministry of Coal
- Government of India
- Coal India Limited
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | 90% |
About Company
Incorporated in 1972, Bharat Coking Coal Limited (BCCL) is involved in the mining of coking coal, non-coking coal, and washed coals. The company is a wholly-owned subsidiary of Coal India Limited.
As on March 31, 2025, the company has 32 mining facilities, which consist of 25 opencast, 3 underground, and 4 mixed mining facilities.
The primary product that the company deals with is Coking coal, which is served to the steel and power sectors. The approximate reserve of coking coal that BCCL has, as on April 1, 2024, is 7,910 million tonnes. In Fiscal 2025, BCCL's share in the overall domestic production of coking coal in India is 58.50 percent.
It has operations in Jharia, Jharkhand, and Raniganj in West Bengal, with a total leasehold area of 288.31 square kilometers.
The business domains of the company are opencast and underground mining, coal washeries, monetization of idle coal washeries via the ‘Washery Developer Operator (WDO)’ approach, restarting abandoned underground mining via the ‘Mine Developer Operator (MDO)’ approach, and the monetization of a solar power project via self-consumption as well as injection into the grid.
The coal production of the company grew from 30.51 million tons in Fiscal 2022 to 40.50 million tons in Fiscal 2025. In Fiscal 2024, the company’s output of coking coal stood at 39.11 million tons, while that of non-coking coal was 1.99 million tons.
Bharat Coking Coal IPO - Issue Objectives & Utilisation of proceeds
| Objectives | Amount |
|---|---|
| Offer For Sale | - |
Company Contact Details
Bharat Coking Coal
Koyla Bhawan, Koyla Nagar Dhanbad, Jharkhand, 826005Registrar Contact Details
Kfin Technologies Limited
Frequently Asked Questions about Bharat Coking Coal IPO
When will Bharat Coking Coal IPO open for subscription?
The Bharat Coking Coal IPO opens on 9 Jan, 2026 and closes on 13 Jan, 2026.
What is the investors portion for Bharat Coking Coal IPO?
The investors' portion for QIB is N/A%, NII is N/A%, and Retail is N/A%.
How to apply for Bharat Coking Coal IPO?
You can apply for Bharat Coking Coal IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Bharat Coking Coal IPO?
The issue size of Bharat Coking Coal IPO is approx ₹46,57,00,000 shares(aggregating up to ₹1071.11 crore) crores.
What is the price band of Bharat Coking Coal IPO?
The price band for Bharat Coking Coal IPO is ₹21 to ₹23 per equity share.
What is the lot size of Bharat Coking Coal IPO?
The minimum bid (lot size) for Bharat Coking Coal IPO is 600 shares with an investment of approx ₹13,800 .
What is the allotment date of Bharat Coking Coal IPO?
The allotment date for Bharat Coking Coal IPO is 14 Jan, 2026.
What is the listing date of Bharat Coking Coal IPO?
The listing date for Bharat Coking Coal IPO is expected to be 16 Jan, 2026.
What is the GMP of Bharat Coking Coal IPO?
The latest Grey Market Premium (GMP) for Bharat Coking Coal IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.
